Exchange rates Euros to THB

[notrub]

Any comments please on weak Euro and poor exchange rates.  Not so long ago the THB - Euro rate was in the mid 40's.  Today's rate is about 36 on the EX site.  I am very aware of what brexit is doing to the £.  I have mostly Euros and have lost quite a lot by keeping them in a Thai Euro account.  I look at the graphs and see the Euro plunging generally and it was about 39 only 6 months ago.  Any comments on where the Euro rate is going and why?   Please?  Will I be better off waiting a few months to exchange 100,000 Euros because of an annual rise in mid summer rates, or something other than the UK imploding at the moment?  On that general subject, does the Super rich outfit really make a difference on that relatively small sum?  And yes, I do have a calculator but I am not as smart as some of you guys and hope for a bit of guidance from the more smart group.

[MalandLee]

The worlds 5th largest economy is just about to leave the "Union" - perhaps that has something to do with it?

 

SOURCE: https://en.wikipedia.org/wiki/Economy_of_the_United_Kingdom

[Henryford]

ALL Western currencies are heading DOWN (and not just because of Brexit). Western governments are printing trillions of funny money, charging negative interest rates, running massive fiscal/trade deficits. Compared to that even the Thai baht looks rock solid. Change the money now. Guess what will happen to the Euro after the UK leaves and there is a crisis over Italy/Deutsche Bank?

[Pib]

Many third world nations are no longer third world nations "economy-wise" which continues to help their currencies to be worth more in comparison to western currencies.  Times change. 

[worgeordie]

With Spain,Portugal,Greece,Italy and maybe other Eu countries,

in financial meltdown its little surprise the Euro is falling,and

the future does not look bright in my opinion,especially after

the UK stops paying dues .

regards Worgeordie

[jackdd]

THB is getting stronger compared to most currencies, so it does probably not have too much to do with the EURO itself

Edited February 6, 2019 by jackdd

[KhunBENQ]

30 minutes ago, jackdd said:

THB is getting stronger compared to most currencies, so it does probably not have too much to do with the EURO itself

Someone had to say it.

Looking back for about 6 months:

USD, GBP, EUR all lost significantly to the THB.

USD to EUR comparably flat during this period.

It's NOT a EUR weakness, it's THB strength and already a concern for the country's economy.

 

One year charts:

USD/THB: https://www.xe.com/currencycharts/?from=USD&to=THB&view=1Y

GBP/THB: https://www.xe.com/currencycharts/?from=GBP&to=THB&view=1Y

EUR/THB: https://www.xe.com/currencycharts/?from=EUR&to=THB&view=1Y

EUR/USD: https://www.xe.com/currencycharts/?from=EUR&to=USD&view=1Y

 

Thailand has to do something about the increase.

But also have no glass bowl.

[Chivas]

2 hours ago, KhunBENQ said:

Someone had to say it.

Looking back for about 6 months:

USD, GBP, EUR all lost significantly to the THB.

USD to EUR comparably flat during this period.

It's NOT a EUR weakness, it's THB strength and already a concern for the country's economy.

 

One year charts:

USD/THB: https://www.xe.com/currencycharts/?from=USD&to=THB&view=1Y

GBP/THB: https://www.xe.com/currencycharts/?from=GBP&to=THB&view=1Y

EUR/THB: https://www.xe.com/currencycharts/?from=EUR&to=THB&view=1Y

EUR/USD: https://www.xe.com/currencycharts/?from=EUR&to=USD&view=1Y

 

Thailand has to do something about the increase.

But also have no glass bowl.

They dont have to lol

With the vast amounts of Foreign Reserves the BOT can keep it at current levels indefinately should they choose. Personally I suspect they will shortly start selling the Baht somewhat aggressively to weaken it but they may consider the import/export balance sits just fine